Toncoin Price Forecast: TONUSD Buyers Continue Pursuit Despite Losing Strength

Toncoin Price Forecast: June 26th

The Toncoin price forecast indicates that while buyers are losing steam, bullish sentiment remains as buyers aim to regain the $8,000 level.

Toncoin Long-Term Trend: Bullish (1-Day Chart)
Key Levels:

Supply Zones: $8.000, $7.600
Demand Zones: $4.850, $5.400, $6.000
The Toncoin market has been facing a challenging environment, with buyers struggling to maintain their momentum despite their continued pursuit of higher prices. The price of TONUSD is currently trading around the $7,500 key level. Recently, buyers have lost some strength, allowing sellers to drag the price down before buyers could recover.

Toncoin Price Forecast: TON Outlook

For the past two months, TONUSD has maintained a strong bullish atmosphere. Buyers gained momentum and pushed the price through the $8,320 key level. However, after reaching an all-time high in recent months, the price has since pulled back to the $6,800 key area.

Now, buyers are aiming to trade back beyond the $8,000 significant level, but they are facing increasing pressure and will need to reinforce their strength to achieve this goal. One key concern for buyers is the recent behavior of the Parabolic SAR (Stop and Reverse) indicator, which is currently driving against the bullish trend.

This suggests that bearish sentiment is gaining traction and could put pressure on the buying momentum. Additionally, the Relative Strength Index (RSI) is trading above the mid-range, indicating that buyers still have some room to push the price higher.

Toncoin Medium Term Trend: Bullish (4-hour Chart)

In the short-term timeframe, the bulls have slowed down, and the Parabolic SAR indicator is displaying trending dots around the buy side, suggesting that buyers may need to reinforce their efforts to regain the $8,000 level.
Despite the current challenges, buyers are still determined to push the TONUSD price back above the $8,000 level. This key level has proven to be a significant resistance point in the past, and buyers will need to muster their strength to overcome it once again. Crypto signals indicate that traders should watch for signs of renewed buying momentum to capitalize on potential upward movements.

How To Buy Lucky Block

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.